Morgan Stanley Ups Price Targets on Marriott, Hilton and Wyndham
Skift Take
Morgan Stanley lowered Hyatt's price target while raising those for Marriott, Hilton, and Wyndham, keeping their respective ratings unchanged.
The DJIA fell 670 points while Nasdaq was down 65, the S&P 500 fell 72 points and the 10-year treasury yield was up .03 to 4.21%. Lodging stocks were lower although the mover of note was to the upside with BHR rising another 6%.
Morgan Stanley lowered their price target on Hyatt from $157 to $144 while maintaining their Equal Weight rating. They upped their price targets on Marriott to $298 from $289; Hilton to $274 from $265; and Wyndham to $113 from $107 while maintaining Overweight ratings on all three. They maintained their Underweight rating on Choice Hotels but did up their price target to $139 from $131.
Goldman Sachs upped their price target on Hilton Grand Vacations to $42 from $37 but maintained their Sell rating.
The Tallison Hotel, part of Marriott’s Tribute Portfolio, is set to open this week in Indianapolis, Indiana. The 120-room luxury hote
